SEC Form 4 · accession 0001513162-15-000528
CDTI ADVANCED MATERIALS, INC. · CDTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Pedro J. Lopez-Baldrich
Officer — General Counsel
Period of report
Sep 8, 2015
Accepted (ET)
Sep 9, 2015 · 5:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000949428
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 8, 2015 | M | 16,666 | $0.00 | A | 29,483 | D | |
| Common StockF3 | Sep 9, 2015 | S | 6,428 | $1.5789 | D | 23,055 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF4,F5 | — | Sep 8, 2015 | M | 16,666 | D | — | — | Common Stock | 16,666 | 16,667 | D |
Explanation of responses
- F1Shares of Common Stock acquired upon settlement of Restricted Share Units ("RSUs") granted February 20, 2014 pursuant to the Clean Diesel Technologies, Inc. ("CDTI") Stock Incentive Plan.
- F2Shares were sold to cover the reporting person's tax obligation in connection with the issuance of the RSUs and conversion into shares of Common Stock.
- F3The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $1.57 to $1.60, inclusive. The reporting person undertakes to provide CDTI, and security holder of CDTI or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
- F4Each RSU represents a contingent right to receive one share of CDTI common stock.
- F5RSU vests as to 1/3 on each of September 5, 2014, September 5, 2015 and September 5, 2016. Issuance to occur as soon as practicable following the date of vesting and subject to compliance with Issuer's Insider Trading Policy, but in all cases within two and one-half months following the end of the Issuer's tax year that includes the date such RSUs vest. RSUs that have not vested at the time of the reporting person's termination, for any or no reason other than death, will be forfeited.